Full legislation
s.125
Cases in which creditors may not vote
A creditor shall not vote in respect of any unliquidated or contingent debt, or any
debt the value of which is not ascertained, nor shall a creditor vote in respect of any
debt on or secured by a current bill of exchange or promissory note held by him unless
he is willing to treat the liability to him thereon of every person who is liable
thereon antecedently to the company, and against whom a bankruptcy order has not been
made, as a security in his hands, and to estimate the value thereof, and for the
purposes of voting, but not for the purposes of dividend, to deduct it from his
proof.